The global enterprise performance management market size will grow by USD 2.08 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (BFSI, telecom and IT, manufacturing, healthcare, retail, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many EPM software vendors, including Anaplan Inc., IBM Corp., Oracle Corp., SAP SE, and Workiva Inc.

Key Insights on Enterprise Performance Management Application Market – Global Forecast 2019-2023

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Industry Overview

The increasing volume, variety, and sensitive nature of data being generated across industries have prompted governments across the world to ratify regulations pertaining to data collection, utilization, and storage. To comply with the changing regulations, organizations are leveraging EPM applications to extract information pertaining to the regulations in a standardized format and store it in a central location. For instance, AirAsia Group Bhd recently deployed EPM software to manage its global account reconciliation. The software also helps the organization to author, develop, manage, and publish its financial, regulatory, and management reports. The EPM software provides flexibility to organizations to adhere to changing regulations and enables them to adjust the reporting process without any third-party intervention. With the growing stringencies of data regulations across the world, the demand for EPM software will increase during the forecast period.

The integration of RPA in enterprise performance management is one of the major EPM market trends influencing growth. The integration of RPA in the enterprise’s performance management processes eliminates manual steps and automates all tasks based on the procedural steps. This will enable employees to focus more on core operations. The integration of RPA with EPM software also provides other benefits such as increased ROI, reduced IT costs, enhanced customer service, etc. Such advantages are driving organizations to adopt RPA-enabled enterprise performance management applications to automate their financial planning and report generation. As a result of these factors, the global EPM market will register a CAGR of nearly 9% during 2019-2023.

Top Companies in Enterprise Performance Management Application Market

The global market is fragmented. To help clients improve their market positions, this enterprise performance management application market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This enterprise performance management application market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading EPM software vendors, including:

• Anaplan Inc.
• IBM Corp.
• Oracle Corp.
• SAP SE
• Workiva Inc.

Market Segmentation

Enterprise Performance Management Application Market by End-users

• BFSI
• Telecom and IT
• Manufacturing
• Healthcare
• Other end-users

The BFSI segment held the largest market share in 2018. It will account for the highest enterprise performance management market share over the forecast period. Companies in the BFSI sector are adopting EPM applications to streamline their financial planning and budgeting processes in line with their business strategies and plans. The increasing adoption of EPM applications by the BFSI sector will influence the growth of the enterprise performance management market size over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the EPM market growth.

Enterprise Performance Management Application Market by Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the EPM market throughout the forecast period. Market vendors operating in the region are integrating emerging technologies such as blockchain, AI, and data analytics in their existing offerings. Vendors in the region are also leveraging such technologies to offer in-built application programming interfaces (APIs) and generate additional revenues through product upgrades and maintenance fees. These factors are fueling EPM market growth in North America.

Major Highlights of the Enterprise Performance Management Application Market - Global Forecast 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the enterprise performance management application market during the next five years
• Precise estimation of the global enterprise performance management application market size and its contribution to the parent market
• Accurate enterprise performance management application market forecast on upcoming trends and changes in consumer behavior
• The growth of the enterprise performance management application industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of EPM software vendors

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